PM speech at the Commonwealth Business Forum
Prime Minister Boris Johnson delivered a speech at the Commonwealth Business Forum.
Your Excellencies,
ladies and gentlemen,
how absolutely wonderful to be here in Kigali for our long delayed family reunion, as the Commonwealth
I바카라 사이트™m sorry to say I missed the dancing last night, Jonathan, very good to see you strutting your funky stuff, in the way that you were. Let바카라 사이트™s hear it for Jonathan Marland on the dance floor
By the way the weather is absolutely lovely here in Rwanda today, but I바카라 사이트™ve got to tell you, here바카라 사이트™s an amazing statistic 바카라 사이트“ it바카라 사이트™s actually hotter in London 바카라 사이트“ or so my staff just told me.
This is a very very timely meeting, as Jonathan has just said we바카라 사이트™ve all come out of the misery of the covid lockdowns and look at what is going on in the world today - unfortunately we still see economic pressures
And we바카라 사이트™re seeing spikes in the cost of energy, spikes in the cost of food, and of fertiliser
I was talking about this with Paul Kagame just now
But what if there was a miracle fertiliser, a fertiliser of business, that grew your business, that expanded your profits and cut your costs, by 21%
There is such a fertiliser, and I바카라 사이트™ll tell you the ingredients
It바카라 사이트™s perfectly harmless, it바카라 사이트™s organic, there are no phosphates, no nitrates, it won바카라 사이트™t cause algal bloom
I바카라 사이트™ll tell you what the ingredients are, it바카라 사이트™s a common language, it바카라 사이트™s familiar sense of our legal and administrative systems, it바카라 사이트™s a shared sense of mutual trust between us,
and that fertiliser is called the Commonwealth
I can prove it
that fertiliser knocks 21 percent off the cost of trade between Commonwealth members. That바카라 사이트™s 21 percent bigger profits if you do deals between the Commonwealth
that바카라 사이트™s 21 percent efficiencies without the expense of management consultants
And now is the time, my friends, to turbocharge those advantages,
because over the next five years,
the Commonwealth바카라 사이트™s total GDP is forecast to rise by nearly 50 per cent to $19.5 trillion.
And these are the markets, super fertilised markets that will power growth and prosperity and create jobs in our countries,
and at the same time help to ease those pressures that we all face on the cost of living.
So we are going ahead,
And in the UK we바카라 사이트™re striking free trade agreements across the Commonwealth:
we바카라 사이트™ve done Australia,
we바카라 사이트™ve done New Zealand,
we바카라 사이트™re going to do a deal with India by Diwali,
we바카라 사이트™ve signed free trade or economic partnership agreements with 33 of our Commonwealth friends - so far 바카라 사이트“
and through the Trans-Pacific Partnership,
we바카라 사이트™re aiming for new deals with Malaysia and Brunei.
By the way it바카라 사이트™s fantastic to see the birth of the African Continental Free Trade Area, isn바카라 사이트™t that going to be a wonderful thing
It바카라 사이트™s going to be the biggest in the world,
1.3 billion people,
promising to lift 30 million out of extreme poverty
and generate $450 billion for African nations,
which, by the way, is far far more than Africa could ever receive in development aid.
And I massively support that new Africa free trade area,
I remember the UK helped to found the European free trade area many years ago, which then got taken over by something called the European Union, but never mind that
I don바카라 사이트™t necessarily advise by the way that you turn the African free trade area into a single currency but IÂ leave that wholly to you. And that will be a matter entirely for Africa.
But we want to support this project, and we바카라 사이트™re backing the new secretariat in Accra,
and as African countries remove trade barriers from their borders,
we바카라 사이트™re making it easier to sell to the UK
because on 6th July
we바카라 사이트™re launching a new preferential trade system for 65 developing countries,
including Rwanda and 17 other Commonwealth members.
liberalising our tariffs, getting rid of those pointless tariffs that are totally vexatious, that cost more to collect than the revenues you get from them
abolishing the nuisance tariffs 바카라 사이트“ they exist
and improving our rules of origin to make it easier for all our countries to benefit.
And what I feel so strongly about the Commonwealth is it바카라 사이트™s not just about imports and exports 바카라 사이트“ it바카라 사이트™s about the partnerships we build
it바카라 사이트™s about doing more together to ensure that everyone prospers from the new green industrial revolution.
I saw some of you, I바카라 사이트™m proud to say, at the Africa Investment Summit in London in 2020, remember that 바카라 사이트“ just before covid struck, a moment of real optimism
I want you to know we바카라 사이트™ll do the same again next year, and I hope to see again in London next year
and it바카라 사이트™s great to announce
that British International Investment putting £160 million into hydropower in Africa,
creating 180,000 jobs, including here in Rwanda,
while at the same time cutting carbon emissions, generating electricity for 3 million people.
Many African countries, I바카라 사이트™ve mentioned the sun in London today 바카라 사이트“ it바카라 사이트™s exceptional 바카라 사이트“ I hope you바카라 사이트™ll understand I바카라 사이트™m not bragging about the sun in London, it바카라 사이트™s not as consistent as it is here in Africa
And many African countries are blessed with the ability to power economies entirely by hydro, and solar and wind energy
Am incredible fact, Uhuru told me this, Kenya, gets 90 percent of its electricity from renewable sources already
and they바카라 사이트™re aiming for 100 percent by 2030.
And I see a fantastic future for all of us in these initiatives, for all of us
And we, with our Clean Green Initiative in the UK want to be the partner of choice of our African friends
as you transform millions of lives with modern infrastructure,
meeting the highest standards of transparency and environmental protection.
And it바카라 사이트™s because free enterprise generates the resources for better health and education, which is what we바카라 사이트™re trying to do, better outcomes for our people
that here in Rwanda
infant mortality is down by almost 80 percent since the year 2000,
nine out of ten people have health insurance in this country,
virtually every child goes to school.
And that is the kind of future that we want to build together
And all I will see to you in conclusion my friends, is   we in the UK have the technology,
the City of London certainly has the finance,
the 바카라 사이트 that I바카라 사이트™m proud to lead has the will,
and our wonderful wonderful Commonwealth, that great institution, has the super fertiliser, to be sprinkled across this extraordinary grouping of countries
and above all to help to help you forge a new Africa,
sharing your optimism that the people of this continent
and every member of the Commonwealth
can thrive and prosper from free trade and free enterprise.